With the second part, I would like to focus on the housing market - using housing starts, household real estate assets to disposable income, and mortgage debt, as common indicators of activity.
Debt, both total and household, and housing starts.
Total debt (blue), household debt (green) and housing starts (red).
Household debt service payments.
Household debt service (blue) and new housing starts (red).
Private residential investment divided by GDP (blue) and new housing starts (red).
Household real estate to disposable income, and household real estate to personal saving.
Household real estate assets divided by disposable income (blue) and household real estate assets divided by personal saving (red).
Relatively high, sustained mortgage delinquency (at commercial banks).
Mortgage delinquency booked at commercial banks.
Mortgage debt to disposable income.